New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-03-07
THE PETROLEUM MARKET
NEWS FROM THE FIELD AND RANGE OF PR

NEWS FROM THE FIELD AND RANGE OF PRICES.
There sorve last which
Improvement ia the petroleum situation
CARDS the depression values whh has long held
Chief the leading
sentative. producing tho Of the
pipe charges Tho legislative
situation improved y tho introducing into
the Pennsylvana boy OF lawmakers OF bill 10 reduce
storage charges which less Objectionable a features
than Bilingsey bill But the neetteof any law
on the may be removed In case the
producer. and transpoers oil equitable
settlement II would probably be better for The Interests OF
tioo 20 10 as the srest banding interests attempt
oppTe-s or embarras- the producer FOR ihl- rta"n 10
10 e SV ,Se Halo, ~ .,i ronn,uv Tho bro
sang,Es inc ioa 's t tn COMPANY Vii
voluntarily reigce II. rat, all Tho oil ~ It's custody to
,d .rono.ea " uari,.E%g Win hut s"ai
ifa,tioh Of the trade at advocating any measure
Legislature would have motive excuse for avorng the
bn II impossible gauge the effect which important
Of the storage charges would have on The com
mercia and -pecu ayc luiue Of crude ~ Is obvious that
would be bcnoncal but y rendering less bnrdensoino to
ish speculative nnnee ana mus nep 70 trsst le motive
ant The lower Of +dve,se opsrIons ic sn position ."
sony n s ' mS ks, tat me t, .T ssnf, ,
wall have to meet sio5gsr enemy and 50 The speculative
The reduction price Ohio oil per barrel TO
81 cents also an impor ant occurrence IL followed on
a. 10 what he spedt producer may expect IN case he
se . 9% s e.f made ny sy tie ps @ one
prominent house reeevo Information that the OIL had yielded
heard what percentage OF IT Was obtained From Other
20 rcss are In lorned that the did not
SIT fayoraby expected, and II thus be ~
-; The Ohio oil large scale may be post
/. Offering Lss Tor stun than heretofore. IL IL
difficult the general public 10 ascertain the actual
results and the prospective developments In this
aud only events determine whether Lima
element Keep Peuusy crude down around 80
the question ought he settled In comparatively
the Ohio
the only who
profits being the of su-hers With the constantly
increasing consumption II r0eum aud with reasonable
certainty Ia many s fuel Will
DO he'd ont the ohio fields Ia lie needed but At
the would Ia DO desirable thng tue supply
Should bo reasonable opportunity
for,ied or some ahvance In
deal al In ril produced IA the Penn
regions saturday tile output OF the KeOOd
pool reported LOT twenyour hours 47 barrels from
has ts DAYS reduction VI 100000 barrels net
viii probably be shown by the February and
fOr The thee bis month tue pipe line
OF 90 339 drv.
Although ihrIe one business day last week the
Than In the previous III the face OF beurish nom
the petroleum
BUTT without outside Interest the only
the begfish proclvites Oi traders gracd
decline To be tie scarcity OF floating cates Car.
ruled from 90 10 ~ cents and the and Wa
both appear stripped the goods Ia at the
bulls aud the hope That favorable
tile declining values
0lGtl cents prices rallied TO 10 but the speculs
a
by recovery the end hut DO confessed that
little observable tho late dealings
Of their narrow and PROFESSIONAL features
The range of prices aud the total dealings In National
Transit certificates at the Consolidated stock and Petroleum
fOT ne Gel a